The Nifty 50 shows signs of stabilization near 22,500, but inflation concerns and a potential death cross suggest caution as traders assess a possible rebound.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
The euro trades sideways against the yen, hovering near key moving averages, as traders await the ECB’s rate decision for a potential breakout above 165 or support at 160.
The German DAX remains bullish as investors anticipate an ECB rate cut, with strong momentum and key support at 21,000 fueling further upside potential.
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The NZD/USD hovers near 0.56500 as market caution prevails ahead of the Fed's policy statement, with potential volatility driven by U.S. interest rate expectations.
The launch of DeepSeek R1 rattles the AI industry, causing Nvidia to plunge 17% while Meta reaches record highs, raising questions about AI investment efficiency and market valuations.
FTSE 100 stabilizes in a consolidation phase near 8500 support, with technical signals pointing to a potential breakout above 8600 and long-term upside toward 9000.
Bitcoin finds support near $100K after Monday’s plunge, with traders watching for a breakout above $110K or potential volatility from the Fed decision.
The price action is printing successively lower resistance levels, showing that there is increasing selling pressure in the market, although the potential downside may be limited.
USD/JPY rallies as interest rate differentials favor the dollar, with traders watching ¥156.50 resistance and potential gains toward ¥160 amid Fed policy expectations.
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EUR/USD declines sharply ahead of central bank meetings, with resistance at 1.05 and a potential breakdown below 1.04 signaling further downside toward 1.03.
AUD/USD declines sharply, breaking below key resistance, with traders watching support at 0.62 and the upcoming Federal Reserve decision for further market direction.
BTC/USD consolidates near $100K, forming a bearish double-top pattern, with traders watching Fed policy signals and key support at $95K and $88.9K.
GBP/USD loses momentum ahead of the Fed decision and BoE statement, with technical signals pointing to potential downside toward 1.2310 unless 1.2525 resistance breaks.
EUR/USD faces increased volatility ahead of the Fed and ECB decisions, with key resistance at 1.0535 and potential downside toward 1.0300 amid shifting economic expectations.
EUR/USD strengthens near 1.0490 ahead of central bank announcements, with bullish momentum targeting 1.0570 if optimism around Fed and ECB policies persists.